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WELLStream AUGUST 2026 | ISSUE 2 INSIDE THIS ISSUE New Technology. Proven Performance. The InterGuide™ and WellVeX-ESet™ combine engineering expertise with innovative design to support safer, more reliable mast or tugger line based well intervention operations. Business Growth Update Changing Expectations in Surface Intervention What’s New at Wellvene Wellvene Launches Fully Integrated Phase 1 P&A Service Icota Global Intervention Technology Award Winner Engineering Excellence

“It’s been an exciting period of growth for the business, with strong sales performance reflecting the dedication of our teams and the confidence our customers continue to place in us. To support this momentum, we’ve welcomed new colleagues dedicated to the Norway, Middle East, and North Sea regions, strengthening our local presence and enhancing our capacity to pursue new opportunities while effectively managing a natural increase in day-to-day operations. A consistent pattern we’ve seen over the years is that we achieve our strongest results in the areas where we concentrate our efforts and so strengthening these areas with senior and technical hires has been a low-risk investment that will continue to support our long-term growth. Growth isn’t just about expanding our team - it’s also about continuing to invest in our products. In line with our ambitious business strategy, our latest developments in both downhole and surface systems continue to keep our Sales team engaged with those who have come to expect our “what’s new” presentation. Solid track records for our portfolio, specifically our WellVeX TM Plug, Isolation Safety Valves and P&A Toolbox have been enhanced considerably in the first half of 2026, with the transition from a trusted solutions provider to a leading tooling and services partner well underway. Cementing more service agreements and collaborative partnerships will continue to be a high focus for us going into the tail of the year, giving us even more horsepower and exposure to Intervention and Integrity Scopes of work globally.” Cementing more service agreements and collaborative partnerships will continue to be a high focus for us going into the tail of the yearBy Neil Campbell, Global Sales Manager Business Growth Update FROM THE SALES TEAM Today, Wellvene is entering an exciting new chapter. While responsive engineering solutions remain at the heart of what we do, we are investing to strengthen our position as a technology-led product company. Our focus is on developing products that solve operational challenges while maintaining the agility, responsiveness and customer support synonymous with the Wellvene name. of everyone at Wellvene, I would like to extend our sincere thanks for your continued trust, support and partnership. As we look ahead, our strategy remains clear: continue investing in the regions where we operate, grow our teams, expand our product portfolio and earn the trust of our customers by delivering innovative technologies, responsive support and the high standards of service they have come to expect. WelcomeBy Bronson Larkins, Managing Director Our commitment extends beyond product development Our commitment extends beyond product development. Throughout 2026 we have continued to invest in our people, facilities, manufacturing capability and business systems. New workflow and project management processes, together with investment in a dedicated technology R&D division, will support global growth without compromising the speed and quality of service our customers expect. None of this would be possible without the trust our customers, partners and suppliers place in Wellvene. Their willingness to embrace new technologies and work collaboratively with us turns ideas into operational success. On behalf2 / ISSUE 2 When I wrote the introduction to our first newsletter in 2021, I spoke about Wellvene’s commitment to investing in our people, developing innovative technologies and building lasting relationships with our customers. Five years on, I’m proud to say those commitments remain unchanged - they have simply grown in scale. Our focus is on developing products that solve operational challenges while maintaining the agility, responsiveness and customer support

Alix Parley Business Advisor “I look forward to seeing the new intervention products delivering significant benefit to our customers and the team getting recognition for the innovative approach taken. Wellvene’s culture is hands-on, practical and customer-focused, with a strong emphasis on delivering real value. At the same time, there’s a clear focus on the long term, ensuring decisions are made with both today’s needs and future success in mind. Having watched the company over the past 9 years grow from a team of 4 to more than 30 globally, is truly a fantastic achievement” MEET THE TEAM Neal Calder Service Delivery Manager “My role as Service Delivery Manager sits between Sales and Engineering. Ensuring that all orders coming from the Sales Team meet the clients needs and that the engineering team have enough information to progress with the design. Keeping track of the progress of all open orders within Wellvene, supporting all departments and helping to ensure we meet customer delivery timeframes. From when I joined 7.5 years ago it has always felt like a place where we work together to achieve the company goals.” Ross Cuthbert Client Account Manager “I would describe Wellvene as having an incredibly ambitious culture. I was drawn to Wellvene as from what I knew they were a smaller company that was hugely motivated and wanted to be a big player in the industry. They were going to shake things up and continue to do so. My role is to maintain various client accounts in the North Sea and Middle East. I keep a close relationship with existing clients to learn of up coming operations and what tooling and services Wellvene can supply. I really enjoy attending conferences and presenting Wellvene technologies to new and existing clients. This gives me time to go into detail about the products that have helped shape Wellvene’s success, while also talking about new technologies, as it shows Wellvene are constantly developing and growing.” Plug and Abandonment Services Intervention Services Safety Valve Remedial Services Flow Control Solutions Engineered Well Solutions Wellvene supports the global energy market by designing, manufacturing and qualifying bespoke, quality- assured equipment for well completion, intervention, integrity and P&A operations. They were going to shake things up and continue to do so WELLSTREAM WELLVENE.COM / 3

Changing Expectations in Surface Intervention Well Integrity & Surveillance Platform 2-well campaign  Elimination of crew working under suspended loads P&A Operations Semi-Sub Subsea 52 well campaign (ongoing)  Eliminated subsea suspended lubricator  Reduced man-riding Well Integrity & Surveillance Platform DHSV Repair & Surveillance 4-well campaign  Over 48hrs operational time saved just between well-to-well transfers Well Integrity & Surveillance Platform 1-well / 3 x runs Replacing a standing valve & drift well  Elimination of crew working under suspended loads P&A Operations Platform 12-well campaign  Typical well-to-well transfers completed in 8 minutes.  Approx 300hrs saved vs traditional mast operations P&A Operations Platform 12-well campaign  Measurable time savings between wells  Elimination of crew working under suspended loads Some Examples of Our Technology Deployment: Overview of UKCS platform and subsea intervention operations using InterLift and InterFrame. WELLSTREAM INTERVENTION SERVICES 4 / ISSUE 2

Well Integrity & Surveillance Platform 2-well campaign  Reduced footprint, increased deck space and elimination of crew working under suspended loads P&A Operations Platform 9-well campaign (ongoing)  Measurable time savings between wells  Elimination of crew working under suspended loads InterLift TM and InterFrame TM were developed to challenge conventional intervention methods. Today, successful deployment across multiple UKCS campaigns demonstrates that engineering risk out of intervention operations can deliver both safer working practices and measurable operational time savings. Increasing repeat deployment across successive campaigns reflects a growing uptake in this new approach. The Evidence is Clear 80+ wells successfully completed in the last 2 years 80+ Proven across both platform and subsea intervention campaigns Proven Supporting Well Integrity, Surveillance and Plug & Abandonment operations Support Successfully deployed across multiple UKCS operators Successful Engineering out suspended loads whilst delivering measurable operational time saving Saving Across the UK Continental Shelf, operators are increasingly moving away from traditional intervention methods in favour of purpose- designed surface intervention systems that improve safety, reduce operational risk and deliver more efficient well intervention campaigns. Conventional intervention methods have served the industry well for decades, but expectations are changing. Rather than relying solely on procedural controls to manage risk, operators are increasingly looking to engineer risk out of intervention operations wherever practical. Wellvene believes InterLift TM and InterFrame TM represent the most significant advancement in surface intervention safety for decades. By engineering out suspended loads and delivering measurable reductions in rig-up and well-to-well transfer times, the systems are changing the way intervention operations are carried out. At time of issue, we have 4 systems offshore supporting ongoing operations, with a further 2 x in manufacturing soon to be bringing our UKCS simulations ops up to 6, along with 2x international systems sold. Challenging the Conventional Purpose Designed Intervention Systems WELLVENE.COM / 5

Description Expanding from WellVeX-MSet TM (mechanical set) into WellVeX-ESet TM (electronic set). Proven WellVeX TM technology reimagined and bringing the industry’s first electromechanically set profile barrier. By integrating electronic setting tool deployment, WellVeX-ESet TM becomes an electromechanically set barrier that seals within an existing landing nipple profile, delivering reliable API 14L grade V0 isolation and a high-integrity alternative to conventional bridge plugs set in ageing, corroded or damaged tubing. Features & Benefits [PATENT PENDING] [PATENT PENDING] Ò Removes manual handling risk Ò Mitigates potential for o-ring damage Ò Reduces non-productive time (NPT) The InterGuide TM supports safe and efficient toolstring change- outs during intervention operations by eliminating the need for manual handling and repositioning of heavy Wireline Lubricators. With its mechanical, non-hydraulic design, the InterGuide TM is a simple yet highly effective addition to any PCE rig-up, enabling safe and efficient toolstring change-outs. Case Study During a North Sea wireline campaign, the InterGuide TM system was deployed on two wells, supporting a DHSV remediation operation and an E-line re-perforation scope. It’s integrated Quick Test Sub (QTS) used within the PCE rig-up and a 60 ft ASEP mast, enabled more than 20 hands- free make-and-break functions while providing automated lubricator rotation and secure positioning without the need for tag lines or manual personnel handling. By reducing manual intervention and streamlining operational processes, the system reduced red zone working, improved efficiency, enhanced workflow, and minimized rig time throughout the campaign. WELLSTREAM Ò One run to set, one run to retrieve Ò Run by core crew wireline personnel to ensure cost saving through reduced POB Ò Single-element seal design eliminates the use of dual seals and v-packings to ensure a true bidirectional pressure test on the actual isolating seal Ò ‘Jar down to equalise, jar up to release’ design eliminates pressure balance risks associated with up motion equalising plugs Ò No square shoulders on lock body to eliminate potential hang up during retrieval Ò Set on electronic setting tool and retrieved by mechanical pulling tool Ò Eliminate the need and risks associated with hand jarring to set conventional nipple plugs S c a n o r c l i c k h e r e t o f i n d o u t m o r e : WHAT’S NEW AT WELLVENE 6 / ISSUE 2

Eliminating the use of single pump open subs, our Remote Opening Cycle Valve offers a simple and effective multi cycle, debris- tolerant remote opening solution to support P&A activity. Ò Reduces operational risk, time and cost Ò Improves operational efficiency Ò Eliminates the use of single pump open subs The ROCV can be supplied in conjunction with Wellvene’s Lock Mandrel or WellVeX TM to suit any size and type of landing nipple profile. Alternatively, the ROCV can be provided to connect to any OEM lock mandrel or bridge plug. S c a n o r c l i c k h e r e t o f i n d o u t m o r e : WELLVENE.COM / 7 ROCV opens during 10th cycle

Combining Wellvene’s in-house technologies with trusted partner solutions, the new service is designed to simplify project delivery, reduce interface risk, and improve operational efficiency across a wide range of well conditionsWELLSTREAM P&A OFFERING Wellvene Launches Fully Integrated Phase 1 P&A Service Wellvene has expanded its Phase 1 Plug & Abandonment (P&A) offering to provide a fully integrated tooling solution, acting as a single supplier from first drift through to final barrier. Combining Wellvene’s in-house technologies with trusted partner solutions, the new service is designed to simplify project delivery, reduce interface risk, and improve operational efficiency across a wide range of well conditions. The integrated approach gives operators greater confidence through engineered, adaptable solutions tailored to the technical demands of each P&A campaign. P&A Technology Event Wellvene recently hosted our first P&A technology event, over a two-week period, to showcase our new fully integrated Phase 1 P&A service offering. The event focused on how maximising technology integration can minimise runs in hole, streamline execution, and deliver safer, more efficient outcomes from first drift through to final barrier. By combining complementary technologies into engineered, multi- function solutions, Wellvene helps operators reduce interfaces, limit non-productive time, and improve overall campaign efficiency. Throughout the day, live demonstrations were hosted by the Wellvene team, showcasing surface intervention and downhole technologies, including: Ò InterFrame TM and InterLift TM Ò WellDrift TM, WellDrift TM c/w DHSV Hold Open Sleeve Ò Scale Remedial Tooling Ò Deepset Plug / Barrier Package Ò Tubing Punch, and Tubing Cutting Tool Ò As well as many more Case Study Example: Working from the Well Enhancer vessel, Wellvene supplied a range of specialised tooling designed to improve operational efficiency, protect critical well infrastructure and provide reliable well isolation throughout the campaign. 7” Tubing Hanger Protection Sleeves were successfully installed in all seven wells, In addition, Wellvene’s WellVeX TM profile barrier technology was deployed in five of the seven wells, with every installation and pressure test completed successfully on the first attempt and without a single tool-related issue. To support the intervention programme, Wellvene also provided tools, ensuring the wellbores were properly prepared prior to barrier installation. The client, was able to complete the programme while maintaining the highest standards of operational integrity and well assurance. This campaign further demonstrates Wellvene’s ability to deliver fully integrated well intervention solutions that reduce operational risk and support successful subsea P&A activities.8 / ISSUE 2

Where is Wellvene? GLOBAL SPOTLIGHT Norway: dreynolds@wellvene.com Middle East: ssmith@wellvene.com Malaysia: espen.dalland@aroonasolutions.com Australia & Southeast Asia: mwurtz@wellvene.com ldsouza@wellvene.com Norway We are super pleased to introduce Dean Reynolds as, Norwegian Country Manager reflecting on Wellvene’s strategy of providing customers with locally based expertise and leadership in key regions. Since Dean joined us, Norway has increased revenue by 150% compared with 2025. This growth demonstrates the increasing confidence that operators on the Norwegian Continental Shelf are placing in Wellvene’s technology and engineering support. Dean comments: “One of the standout achievements has been securing a multi-well campaign, deploying our WellVeX technology for a major operator in the NCS. This project required extensive planning, technical development, numerous engineering meetings and collaborative problem-solving to develop the optimum solution for the customer. The effort invested during the process was rewarded with an order value that exceeded the total 2025 revenue, making it a significant milestone for the region.” The Norwegian Continental Shelf remains one of the most exciting and active offshore markets. Continued investment in new field developments, combined with the accelerating demand for plug and abandonment activities, presents significant opportunities for Wellvene. The Australasia region continues to build momentum, strengthening relationships with operators and service companies. Through responsive engineering support with fit-for-purpose technologies, Wellvene helps clients enhance operational efficiency while reducing risk, time and cost. Recent activity has included the successful deployment of the WellVeX TM V0 selective flow control solution for a major operator, alongside a range of engineered solutions developed to address complex operational challenges and support well integrity objectives. With intervention and P&A activity increasing across the region, demand for reliable, technically robust solutions remains strong. Supported by Wellvene’s in-house design, manufacturing and qualification capabilities, the regional team is well positioned to deliver both planned and reactive projects efficiently and safely. Growth is being driven by major operators, who are investing heavily in maintaining mature assets, developing new reservoirs and extending well life through intervention activities. Across the region, increasing demand for wireline, well integrity, DHSV remediation, isolation and sleeve solutions and bespoke products is creating significant opportunities for specialist intervention companies. Wellvene has successfully positioned itself to support these challenges with innovative well integrity and intervention technologies, helping operators and many service companies maximise production, reduce operational risk and extend asset life. As activity continues to increase across both onshore and offshore fields, the outlook for intervention services in the Middle East remains very strong. Australia Middle East Regional Contacts Need support outside the UK? Our regional teams provide local expertise backed by the same engineering and manufacturing capabilities our customers know us for. WELLVENE.COM / 9

ICoTA Global Intervention Technology Award Winner InterLift™ was developed to address a long-standing industry challenge of improving safety in red zone operations. By removing the need for overhead lifting and reducing manual handling, it helps eliminate suspended load risks while simplifying wireline operations. The result is a safer, more efficient approach to well interventions. In addition to safety, InterLift TM delivers operational benefits through a reduced footprint, lower personnel requirements, and faster rig-up times - supporting cost savings and improved efficiency, particularly on space-constrained and mature assets. Being recognised by ICoTA makes this achievement especially meaningful, given its long-standing role in celebrating innovation across our industry. WELLSTREAM 10 / ISSUE 2 WELLVENE HIGHLIGHTS Engineering Excellence Engineering excellence remains at the heart of everything we do at Wellvene. Our growing engineering team, from two to a team of nine, bringing together over 150 years of well intervention, well integrity and completion experience with specialist design expertise. This depth of knowledge enables us to solve complex operational challenges with confidence. Our engineers remain actively involved throughout every stage of the product lifecycle, from initial concept and qualification through to manufacturing support, testing and offshore operations. This hands on approach means engineering modifications can be implemented rapidly and customer requests can be responded to without lengthy We continue to develop innovative technologies that improve safety, efficiency and reliability for operators around the world approval processes or multiple organisational interfaces. Continued investment in both our people and engineering capability reflects our long-term strategy and commitment to both our business and the wider industry. By strengthening our expertise and expanding our capabilities, we continue to develop innovative technologies that improve safety, efficiency and reliability for operators around the world.

World Cup Fundraising The World Cup brought many of us together through a shared passion for football. Schools, friendship groups and companies all came together to celebrate, creating lasting memories along the way. Throughout the tournament, we were proud to support CLAN’s sweepstake, raising just under £200 to help provide vital support for people affected by cancer.” WELLVENE.COM / 11 Supporting a Worthy Cause Our Global Sales Manager, Neil Campbell, along with 13 others will soon take on an incredible 260-mile tandem cycling challenge, visiting every Scottish Premiership stadium, to raise funds and awareness for their close friend, Kevin McBeath. Kevin, was diagnosed with Motor Neuron Disease (MND) earlier this year. Kevin, a loving husband and father, now faces the daily challenges of living with this progressive neurological condition, which affects the nerves controlling movement. As these nerves become damaged, muscles gradually weaken, making everyday activities increasingly difficult. While charities such as MND Scotland provide invaluable support to those living with the disease, the funds raised through the appropriately named “Tour de Fitba” will go directly to Kevin and his family, helping them manage the practical and financial challenges ahead. If you would like to support Kevin and his family, please scan the QR code alongside this article. Any donation, no matter the size, would be greatly appreciated. Wishing Neil and the team every success as they take on this incredible fundraising ride. Everyone at Wellvene will be cheering you on! Wishing Neil and the team every success as they take on this incredible fundraising ride If you’d like to show your support to this cause, please scan or click to donate.

Stay Connected with WellStream To ensure you continue receiving future WellStream updates in our new email format, bringing you more frequent updates on company news, product launches and case studies. Subscribe today to stay up to date. Scan the code or CLICK HERE. From top left clockwise >> Neil Campbell, Global Sales Manager and Ross Cuthbert, Client Account Manager at ICoTA Norwich Well Intervention event 2026 / Bronson Larkins, Managing Director delivering his welcome speech at the ICoTA Stavanger Well Intervention Conference / Sam Locke, sponsored by Wellvene, awarded 10th win on the Tartan Pro Tour / Wellvene merch sponsor at Norwich ICoTA 2026 / Kevin Giles Intervention & Commercial Manager, showcasing InterGuide model at networking event / ICoTA Scandinavia Well Intervention / Kevin Mather Intervention Manager and Jayden Larkins Trainee Design Engineer showcasing FlowGARD / Neil Campbell, Global Sales Manager, engaged in a conversation during a networking event / Wellvene sponsors ICoTA golf event at Peterculter. WELLStream Photo Highlights wellvene.com